The American Club 2017/2018 Annual Report

THE AMERICAN CLUB NOTES TO FINANCIAL STATEMENTS 30 June 2018

9. PROPERTY, PLANT AND EQUIPMENT

Outdoor furniture,

Plant,

China,

Buildings, machinery Furniture, glass and Freehold improvements and fittings and and Motor silver- Construction- land and additions equipment fixtures fixtures vehicles ware in-progress Total $ $ $ $ $ $ $ $ $ fittings

Cost At 1 July 2016

5,158,145 30,502,009 15,415,632 4,664,381 1,231,418 139,521 1,101,371 2,380,221 60,592,698

Additions

-

15,180

862,954

48,314

5,064

-

761 12,001,427 12,933,700

Disposals/Write-off

-

(5,544,149)

(3,549,133) (1,759,484)

(298,467)

- (540,353)

- (11,691,586)

Transfers in (out)*

- 4,337,144

549,754

-

-

-

- (4,886,898)

-

At 30 June 2017

5,158,145 29,310,184 13,279,207 2,953,211 938,015 139,521 561,779 9,494,750 61,834,812

Additions

-

127,701

832,528 435,746 63,150

-

55,986 29,947,396 31,462,507

Disposals/Write-off

-

(7,065,646)

(5,096,663) (1,706,874)

(573,026)

- (200,191)

(2,000) (14,644,400)

Transfers in (out)*

- 30,589,214 1,877,669

3,577

-

-

- (32,470,460)

-

At 30 June 2018

5,158,145 52,961,453 10,892,741 1,685,660 428,139 139,521 417,574 6,969,686 78,652,919

Outdoor furniture,

Plant,

China,

Buildings, machinery Furniture, glass and Freehold improvements and fittings and and Motor silver- Construction- land and additions equipment fixtures fixtures vehicles ware in-progress Total $ $ $ $ $ $ $ $ $ fittings

Accumulated depreciation At 1 July 2016

- 25,123,993 13,044,819 4,230,596 1,206,464 122,763 1,002,193

- 44,730,828

Depreciation

- 1,194,529 1,039,734 165,440 23,393 5,027 62,994

-

2,491,117

Disposals/Write-off

-

(4,683,102) (3,390,387)

(1,723,000) (297,642)

- (540,109)

- (10,634,240)

At 30 June 2017

- 21,635,420 10,694,166 2,673,036 932,215 127,790 525,078

-

36,587,705

Depreciation

-

1,521,202 1,024,079

127,026

8,669 5,026 36,791

-

2,722,793

Disposals/Write-off

- (5,852,796)

(5,029,963)

(1,628,547) (571,346)

- (199,819)

- (13,282,471)

At 30 June 2018

- 17,303,826 6,688,282 1,171,515 369,538 132,816 362,050

- 26,028,027

Carrying amount At 30 June 2018 5,158,145 35,657,627 4,204,459 514,145 58,601

6,705 55,524 6,969,686 52,624,892

At 30 June 2017 5,158,145 7,674,764 2,585,041 280,175 5,800 11,731 36,701 9,494,750 25,247,107

*Transfers from Construction-in-progress to Buildings, improvements and additions amounting to $30,589,214 (2017: $4,337,144) related to the redevelopment of the Club’s premises and were recognised based on certificates of completion issued by the Club’s appointed architect.

53 2017/18 ANNUAL REPORT